Diethylene Glycol (DEG) Market

Market Overview:

The global diethylene glycol (DEG) market size reached 3.11 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 4.09 Million Tons by 2028, exhibiting a growth rate (CAGR) of 4.51% during 2023-2028. The escalating demand for cement, paints, and coatings, increasing DEG applications as a raw material in the plastic industry, and rising patent registrations regarding DEG production and its derivatives and their usage represent some of the key factors driving the market.

Diethylene glycol (DEG) is an organic compound with the chemical formula C4H10O3. It is mainly produced via the partial hydrolysis of ethylene oxide and is obtained as a co-product with ethylene glycol and triethylene glycol. It is a viscous and hygroscopic liquid that appears clear, colorless, and odorless, with a sweet taste and low volatility. It dissolves completely in water, alcohol, acetone, and other organic compounds. As a result, DEG is widely used as a solvent and a crucial ingredient in numerous industrial products. It is also employed in the commercial production of brake fluids, textile dyes, cigarettes, resins, oils, paint pigments, and printing inks. Besides this, it is utilized as an antifreeze, plasticizer, lubricant, and liquid fuel. Currently, DEG finds extensive applications across the paints and coatings, automotive, construction, textile, plastics, chemical, and personal care industries. 

Diethylene Glycol (DEG) Market Trends:

DEG is rapidly gaining traction as a grinding aid in the cement industry to achieve higher cement fineness and as a modifier in manufacturing alkyd resins used in paint formulations. As a result, the escalating demand for cement, paints, and coatings from the rapidly expanding construction and automotive sectors represents the primary factor driving the market growth. Moreover, DEG is extensively used as a raw material in the production of various plastic products and plasticizers for paper, cork, and synthetic sponges. Consequently, the increasing applications of plasticizers, polyurethanes, and unsaturated polyester resins across numerous end use industries have catalyzed the demand for DEG. Additionally, there is a rise in the use of DEG as a raw material in manufacturing esters, which are utilized as emulsifiers, de-emulsifiers, and lubricants. In line with this, the surging product adoption as a selective solvent for aromatics in petroleum refining and dehydrating agent for natural gas has propelled the market growth. Apart from this, the growing utilization of DEG as a humectant in tobacco products due to its excellent hygroscopic properties has accelerated product adoption rates. Furthermore, there has been an increase in the adoption of DEG in cosmetics and personal care products, such as lotions, skin creams, deodorants, and toothpaste. Along with this, the emerging product applications as a textile lubricant and coupling agent and as a constituent of hydraulic fluids are positively influencing the market growth. Other factors, including the rising patent registrations regarding DEG production and its derivatives and their usage, rapid industrialization, supportive government initiatives, and continual technological advancements, are also creating a favorable market outlook.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global diethylene glycol (DEG) market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on application and end use industry.

Application Insights:

• Antifreeze and Coolant
• Solvents
• Humectants
• Polyester Resins and Plasticizers
• Emulsifiers and Lubricants
• Others
   

The report has provided a detailed breakup and analysis of the diethylene glycol (DEG) market based on the application. This includes antifreeze and coolant, solvents, humectants, polyester resins and plasticizers, emulsifiers and lubricants, and others. According to the report, polyester resins and plasticizers represented the largest segment.

End Use Industry Insights:

• Agrochemical
• Automotive
• Cosmetic and Personal Care
• Paints and Coatings
• Oil and Gas
• Textiles
• Plastics
• Others
   

A detailed breakup and analysis of the diethylene glycol (DEG) market based on the end use industry has also been provided in the report. This includes agrochemical, automotive, cosmetic and personal care, paints and coatings, oil and gas, textiles, plastics, and others. According to the report, plastics accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia-Pacific was the largest market for diethylene glycol (DEG). Some of the factors driving the Asia-Pacific diethylene glycol (DEG) market included the rapid expansion of the construction sector, rising government investments in infrastructure development, increasing production of chemicals across the region, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global diethylene glycol (DEG) market. Detailed profiles of all major companies have also been provided. Some of the companies covered include BASF SE, India Glycols Limited, Indorama Ventures Public Company Limited, LyondellBasell Industries Holdings B.V., Merck KGaA, Mitsubishi Chemical Corporation, Nippon Shokubai Co. Ltd., Pon Pure Chemicals Group, Reliance Industries Limited, Saudi Basic Industries Corporation (Saudi Aramco), Shell plc, TCI Chemicals (India) Pvt. Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Questions Answered in This Report:

• How has the global diethylene glycol (DEG) market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global diethylene glycol (DEG) market?
• What is the impact of each driver, restraint, and opportunity on the global diethylene glycol (DEG) market?
• What are the key regional markets?
• Which countries represent the most attractive diethylene glycol (DEG) market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the diethylene glycol (DEG) market?
• What is the breakup of the market based on the end use industry?
• Which is the most attractive end use industry in the diethylene glycol (DEG) market?
• What is the competitive structure of the global diethylene glycol (DEG) market?
• Who are the key players/companies in the global diethylene glycol (DEG) market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the diethylene glycol (DEG) market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global diethylene glycol (DEG) market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the diethylene glycol (DEG) industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.